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Sunday, November 24, 2024

Euclid median home prices rose by 26.9% in the fourth quarter of 2020

Realestate2

The median sale price of a home sold in the fourth quarter of 2020 in Euclid rose by $18,000 while total sales increased by 11.9%, according to BlockShopper.com.

From October through December of 2020, there were 225 homes sold, with a median sale price of $85,000 - a 26.9% increase over the $67,000 median sale price for the same period of the previous year. There were 201 homes sold in Euclid in the fourth quarter of 2019.

The median sales tax in Euclid for the most recent year with available data, 2019, was $2,535, approximately 3% of the median home sale price for the fourth quarter of 2020.

The following table compares Euclid to other Cuyahoga County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Cleveland Heights1811706.5%$130,000$95,00036.8%
Brooklyn423135.5%$125,000$120,0004.2%
South Euclid13910532.4%$121,250$94,00029%
Bedford Heights2328-17.9%$115,000$80,51842.8%
Bedford453915.4%$98,500$70,00040.7%
Euclid22520111.9%$85,000$67,00026.9%
Newburgh Heights710-30%$84,000$45,00086.7%
Garfield Heights153174-12.1%$82,500$62,45032.1%
Maple Heights1331238.1%$64,000$53,75019.1%
Cleveland1,4301,3555.5%$61,500$48,00028.1%
Warrensville Heights3540-12.5%$41,000$63,750-35.7%

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